Banco Industrial Colombiano ADR NYSE:CIB Message Board

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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB

CIB 58.04

+0.3%

Oct 31 9:30 AM EDT

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To: k. Urmann who wrote (18)	3/26/1998 7:03:00 PM
From: Arnold Layne	of 72

Kyle, Did you receive all the info I (think, hope I) E-mailed to you? I doubt that the stock will go down much if any from here. I have much much more than your holdings.... so I wish it would go up..... My guess, again is that shares are coming on to the market as a result of the merger. I bought BGA in the summer of 1995 at about $24.00 after a local broker in Cali recommended it, by January 1996 it was below $16.00. When I was there a different guy mentioned that things were at least less than ideal for BGA. He also noticed that the yield was over 6%, so asked him: "Yes but can they pay it?" There seemed to be no doubt in his mind about that. Now look at BGA "down" to $34.00! I assume that soon enough CIB will be trading higher, if only for the yield. I just want history to repeat itself. Hope I am there to enjoy its fruits too. Arnold

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